Donald Trump’s use of his second presidency to grow his personal fortune has alarmed legal and ethics experts and congressional Democrats as he has reaped an “unprecedented” $2.2bn in 2025 revenues by amassing big cryptocurrency holdings, benefiting from wealthy foreign interests, expanding his Truth Social business and more, while federal oversight of his actions has waned.

Trump last year raked in at least $1.4bn from his crypto ventures according to financial disclosure forms he filed in June. Simultaneously, about one million investors in a Trump crypto scheme suffered almost $3.8bn in losses as their volatile crypto holdings tanked in value.

Monetizing his presidency further this summer, Trump’s Truth Social media business is pushing a new scheme that offers wealthy buyers special early access to his posts for a fee of $100,000 a month, which top Democrats and public interest groups say pose serious conflict of interest and corruption issues.

This is some of why at least some Americans probably wish the Iran plot succeeded

  • the_q@piefed.social
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    1 day ago

    We could end this in a few weeks if we acted. Everyone wants to hold on to what little they have instead of losing it for a better future.

    • DuncanTheDrunk@lemmy.world
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      19 hours ago

      I believe part of the issue is that in addition to the regulatory system being captured, the media has been as well. Sure there are some late night shows poking fun, but major news networks are being bought up one after another.

      It’s difficult to organize when half the news pretends this is normal and the other half openly celebrates this degradation of our systems. Unfortunately I fear things will get worse before they get better.

    • thethrilloftime69@feddit.online
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      23 hours ago

      People will die. People have kids they need to raise. People have parents they need to take care of. If we burn the system down, all that is over. Your hopes of a good life in your lifetime end with revolution. You basically have to sacrifice an entire generation to burn this system down. Maybe we’ll get there soon, but people are still hoping to make it to the other side in one piece.

      • kestrel7_7@lemmy.world
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        11 hours ago

        Your hopes of a good life in your lifetime end with revolution.

        I strongly disagree. My life is already pretty fucked up and doesn’t seem like it’ll be getting better without some massive political changes.

          • kestrel7_7@lemmy.world
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            8 hours ago

            I think we’ve “been there” since at least the 1930’s in terms of “the majority of people’s lives suck for preventable reasons,” but there’s a lot of propaganda convincing people that their lives are actually awesome.

      • green_link@lemmy.world
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        19 hours ago

        we sacrificed an entire generation stopping nazis before. we can do it again. they didn’t sacrifice their lives for the rest of us years later to let these fascists rise up again. if they were still here, they’d be standing right up front, ready to do it again.

      • ViceroTempus@lemmy.world
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        19 hours ago

        You’re not wrong in a lot of ways, however that just means we’re kicking the can down the road, and allowing the atrocities going on in our backyards to continue.

        Feels irresponsible and lacks empathy to me.

      • BenLeMan@lemmy.world
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        21 hours ago

        Yeah, let’s make our kids figure this out. It’s not like they’ll be kind of busy dealing with global warming and all those other nice challenges we’ve left them.